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am currently face a interview in which interviewers asked me a questions how am deducted the PF& ESI in the salary what formula use in excel l sheet in which automatically deductions of the PF and ESI of each employees in the salary .kindly pls told me the formula use ..
if u don't mind then i think if u will discuss with me on phone then i can clear u more effectivly.
Basic Means it is decided by state govt. for workers and DA means dearness allowence. so toal basic means ( Basic+ DA)
gross menas his total monthly salary ( how many salary is made for per month) where part of salary is Basic, HRA, Conveyance, Education All. Special Allowence
Net menas after deduction of PF, Esic ( If Applicable) and other deduction as per company policy
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